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At 03:01 PM 4/30/01 -0700, you wrote:
>They don't need a major effect. If the futures market gets thin they can run
>the S&P after putting on positions in the Emini and then offer e mini
>higher or
>lower depending upon which way they are taking it. then give up their S&P
>contracts. They can, they didn't before, use options as a hedge and then
>try to
>run the markets.
Ira:
That's a good point. But it means some of the local 'muscle' had to either
learn new tricks or move on. I know quite a few of the older scalpers have
found this new environment not to their liking.
The gravy train will always be there for those that provide liquidity...and
frankly, they deserve what they can get legally, for providing the
liquidity I need to trade.
Just my opinion.
Tim
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